Reinsurance Grp Stock Price, News & Analysis

Reinsurance Group of America (NYSE: RGA) has achieved a significant milestone by ranking #196 on the 2025 Fortune 500 list, advancing 27 positions from its 2024 ranking and entering the top 200 for the first time. The company, which is the only global reinsurer focused exclusively on life and health, has shown remarkable progress since its Fortune 500 debut in 2010 at #321, climbing 125 spots. CEO Tony Cheng attributes this achievement to the company's dedicated team and its focus on client relationships and innovative solutions. RGA's improved ranking reflects its continued growth and commitment to providing financial protection and security globally.

JAB Insurance announced significant leadership appointments and organizational changes. Jin Chang, with over 30 years of insurance experience, will join as Partner in July 2025 from Athene. The firm added three key executives: Guillaume Briere-Giroux as Managing Director, Andrew Taktajian as Managing Director and General Counsel, and Kyle Hales as Principal. JAB Insurance also formed an independent Board with four new directors: David Mulcahy, Gary Huffman, Olav Cuiper, and Ron Veith. Following recent acquisitions, including Family Life in Texas and the pending Prosperity Life deal, JAB Insurance will manage over $25 billion in policyholder reserves and serve 1 million U.S. policyholders.

RGA (Reinsurance Group of America) has announced a significant 150 billion JPY coinsurance transaction with The Dai-ichi Life Insurance Company. Through this agreement, an RGA subsidiary will reinsure 150 billion JPY of statutory reserves. The deal, effective March 31, 2025, builds upon the existing partnership between RGA and Dai-ichi that began in 2020. This transaction demonstrates RGA's continued leadership in providing asset-intensive solutions and financial optimization tools in the Asian insurance market. RGA has been implementing coinsurance deals across the Asia Pacific region since 1996, focusing on delivering value to clients and consumers across various markets.

Reinsurance Group of America (NYSE: RGA) reported strong Q1 2025 results with net income of $286 million ($4.27 per diluted share), up from $210 million in Q1 2024. Adjusted operating income was $378 million ($5.66 per diluted share), compared to $401 million the previous year. The company experienced favorable biometric claims across all segments, totaling $196 million on an economic basis. RGA deployed $418 million into in-force block transactions and maintains a robust balance sheet with $1.9 billion in estimated excess capital. Net premiums decreased 25% to $4.0 billion, primarily due to lower pension risk transfer activity. The company announced a significant reinsurance agreement with Equitable Holdings to reinsure 75% of their life insurance liabilities, comprising approximately $18 billion of general account reserves and $14 billion of separate account reserves, expected to close in mid-2025.

Reinsurance Group of America (NYSE: RGA) has appointed My Chi To as Executive Vice President, Chief Legal Officer, and Corporate Secretary, effective May 19, 2025. To will report to President and CEO Tony Cheng and join RGA's Executive Committee.

To joins from Voya Financial, where she served as Executive Vice President and Chief Legal Officer, leading a 175-person organization overseeing legal, compliance, and governmental affairs. Previously, she was Executive Deputy Superintendent of Insurance for the New York State Department of Financial Services, supervising over 1,900 insurers. She also spent 20 years at Debevoise & Plimpton LLP as a partner.

The appointment follows the retirement of Bill Hutton, who served RGA for 27 years. To holds a Master of Philosophy in Politics from Oxford University as a Rhodes Scholar and law degrees from the University of Ottawa.

Reinsurance Group of America (NYSE:RGA) has scheduled its first quarter earnings release for Thursday, May 1, at approximately 4:15 p.m. Eastern Time. The company will host a conference call to discuss the results on Friday, May 2, at 10 a.m. Eastern Time.

RGA, founded in 1973, is a global leader in life and health reinsurance and financial solutions. The company currently manages $3.9 trillion of life reinsurance in force and holds assets of $118.7 billion as of December 31, 2024. Their mission focuses on making financial protection accessible to all through innovation, execution, and client-focused solutions.

Reinsurance Group of America (NYSE: RGA) has announced the pricing of $700 million of 6.650% Fixed-Rate Reset Subordinated Debentures due 2055. The debentures, set to mature on September 15, 2055, will be issued at 100% of principal amount with a fixed-rate coupon of 6.650%, payable semiannually.

The offering is expected to close on March 3, 2025, subject to customary conditions. RGA plans to use the proceeds for general corporate purposes, including funding obligations related to a pending reinsurance agreement with Equitable Holdings for a diversified life insurance products block.

The public offering is being conducted through joint book-running managers BofA Securities, Goldman Sachs, Morgan Stanley, and RBC Capital Markets, with several co-managers supporting the transaction.

Reinsurance Group of America (RGA) has announced a significant reinsurance agreement with Equitable Holdings to reinsure a diversified block of life insurance products. RGA will reinsure 75% of Equitable's in-force life insurance liabilities, comprising $18 billion in general account reserves and $14 billion in separate account reserves, totaling $32 billion.

The transaction requires $1.5 billion of capital deployment at closing and is expected to generate approximately $70 million in adjusted operating income before taxes in 2025, increasing to $160-$170 million in 2026, and reaching approximately $200 million annually over time. RGA plans to finance the transaction using excess capital and potential debt financing.

The deal is anticipated to close in mid-2025, subject to regulatory approvals. Equitable will continue handling policyholder administration and support. The partnership expands across underwriting, product development, distribution, and investment management.

Reinsurance Group of America (RGA) reported Q4 2024 net income of $148 million ($2.22 per diluted share), compared to $158 million ($2.37 per diluted share) in Q4 2023. Q4 adjusted operating income reached $334 million ($4.99 per diluted share), up from $316 million ($4.73 per diluted share) year-over-year.

For the full year 2024, RGA achieved net income of $717 million ($10.73 per diluted share), versus $902 million ($13.44 per diluted share) in 2023. Full-year adjusted operating income was $1,342 million ($20.06 per diluted share), slightly up from $1,334 million ($19.88 per diluted share) in 2023.

The company deployed a record $1,676 million into in-force block transactions during 2024, an 80% increase over the previous record. Q4 net premiums grew 1.2% to $4.2 billion, while full-year premiums increased 18.3% to $17.8 billion. RGA ended Q4 with $1.7 billion in deployable capital and raised its intermediate-term adjusted operating ROE target to 13-15%.